Velvet Taco, the acclaimed national restaurant brand known for its globally inspired tacos, late night hours, irresistible sides, Boozy Libations, and red velvet cake, is coming to Old Town Scottsdale. Opening on November 4th inside the space that once housed Second Story Restaurant & Liquor Bar, this two-story flagship will be Velvet Taco’s first in Arizona. Located at … [More]
Region Receives $146M in Federal Grants for Grand Avenue Reconstruction Project
Grants will help fund US 60 (Grand Avenue) 35th Avenue/Indian School Road Grade Separation Project
The U.S. Department of Transportation announced a $146 million combined federal grant funding award to the Maricopa Association of Governments (MAG) for the US 60 (Grand Avenue)/35th Avenue/Indian School Road Grade Separation Project. The project will help address the complex issues surrounding the six-legged highway/arterial intersection that also includes two at-grade … [More]
Trust Company Expands Trust Administration Platform to Arizona
Pendleton Square Trust Company, Inc., an independent trust company providing non-investment trust and estate services to advisors and high-net worth families, today announced the opening of its newest office in Scottsdale. Three recently hired Arizona team members will serve the Southwest market, expanding upon Pendleton Square’s existing presence in the Southeast. Pendleton … [More]
Arizona Tops List Where Homeownership Has Increased the Most since 2020
A new study from the money experts at Moneywise shows that Arizona has had the highest increase in homeownership since 2020. Arizona has seen the most significant increase in homeownership since 2020 The research analysed government census data from 2020 to 2024 to see which states have had the most significant increase in homeownership. The percentage increase is not the … [More]
Nucleus RadioPharma Announces New Manufacturing Site in Mesa
Facility will put high-quality development and manufacturing for short half-life theranostic products within reach
Nucleus RadioPharma, the world’s first fully integrated development, manufacturing, and supply chain organization for radiopharmaceuticals, announced that it has signed a lease and committed to build a new manufacturing facility in Mesa, Arizona. Once operational in mid-2026, the 53,000-square-foot facility will create 50 new skilled jobs. The theranostic market currently … [More]
West Valley Mega Resort Will Be Home to Acclaimed Hospitality Group’s First Restaurant in Arizona
VAI Resort, Arizona's largest hotel premier entertainment destination set to phase open, proudly announces its partnership with the renowned José Andrés Group. This partnership will introduce Bar Mar, the first José Andrés Group restaurant in Arizona, marking a significant milestone for both VAI Resort and the culinary scene in Glendale. At Bar Mar, JAG's … [More]
Carvana Report Highlights How Customers Search for EVs
Carvana, an industry pioneer for buying and selling used cars online, today released its EV Trends Report for Q3 2024. The report focuses on consumer search behavior, showcasing the increasing interest in electric vehicles (EVs) and evolving preferences among shoppers. Key findings from the report include: The EV share of make-model searches on Carvana.com has … [More]
Zero-Emissions Transportation Co. Releases Inaugural Sustainability Impact Report
Nikola Corporation, a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, released their first-ever sustainability impact report today. Nikola's 2023 Sustainability Impact Report covers environmental and social impacts, reporting, and progress towards Nikola's sustainability priorities. According to … [More]
Developer Announces New Elevated Build-to-Rent Community in Buckeye
P.B. Bell and Everest Holdings are nearing completion of a new single-family build-to-rent community, Marketside Villas at Verrado, located in Buckeye at 21045 W. McDowell Road. Marketside Villas at Verrado features thoughtfully laid-out standalone and duplex style one, two, and three-bedroom floor plans that feature all the high-end luxuries of modern living, including … [More]
2025 WM Phoenix Open Looks to Get Better, Not Bigger
Construction for “The People’s Open” is now underway, and The Thunderbirds, hosts of the WM Phoenix Open, have announced several changes and improvements for the upcoming event designed to elevate the overall fan experience. Changes this year include adding another tournament entrance, an all-digital general admission ticketing platform, improved spectator walking areas, and … [More]
New Housing and Community Hub Planned for North Tempe
Investment aims to expand affordable housing to meet community needs
Tempe plans to transform the newly-purchased Food City Plaza in north Tempe into a dynamic housing and shopping hub that brings together mixed-income housing, a grocery store and a police station to meet wide-ranging community needs. Tempe bought the center as part of its broad Affordable Housing Strategy and Hometown for All initiative, designed to accelerate the growth of … [More]
Builders Continue Shift to Condos and Townhomes amidst Affordability Crisis
America's housing stock continues to grow faster than it did before the pandemic-induced housing frenzy, as builders race to fill a shortage of 4.5 million homes. The latest analysis from Zillow® shows roughly 1 million single-family homes were completed in 2023, the second-highest annual total since before the global financial crisis. That's about 11% more homes than were … [More]
Pending Home Sales Jumped 2.5% in September, the Biggest Monthly Increase in over 18 Months
Pending home sales jumped 2.5% month over month in September on a seasonally adjusted basis, the largest increase since January 2023, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They rose 3.1% year over year, the biggest annual increase since May 2021. Pending sales climbed last month for two reasons: Mortgage rates fell … [More]
DOE Grants $70M to Help Strengthen APS Smart Grid with New Technology
The U.S. Department of Energy (DOE) Grid Deployment Office announced it has awarded Arizona Public Service Company (APS) two grants, totaling $70 million, for projects to strengthen smart grid resilience, expand wildfire prevention and mitigation measures and help meet customers’ growing energy needs. The funds are part of the DOE’s Grid Resilience and Innovation Partnerships … [More]
New Poll Shows Arizonans Demand Action on Increasing Access, Affordability to Education and Training After High School
Education Forward Arizona, as part of its Everything to Gain campaign, unveiled a new poll in an ongoing study regarding the state of attainment of education and training after high school. The results show that Arizonans overwhelmingly support specific policy actions from leaders and lawmakers to increase support and resources to help Arizonans attain a degree or certificate. … [More]
Sprouts Farmers Market to Open 49th Arizona Location
Sprouts Farmers Market, one of the fastest-growing retailers in the country, has announced it will open a new store in Phoenix, Arizona on Friday, October 25, located at 9824 W. McDowell Rd. A ribbon cutting will take place Friday morning at 6:45 a.m. The doors to the store will open at 7 a.m. “We are excited to welcome another Sprouts Farmers Market to the Phoenix community! … [More]
New Retailers, Renovations, and Culinary Experiences Elevate Scottsdale Quarter
Following the announcement of its redevelopment plans, Scottsdale Quarter is excited to share the latest updates on the transformation of this premier shopping and dining destination. With recent reopenings, including the much-anticipated return of Etta, as well as the announcement of several new retailers, Scottsdale Quarter continues to set the stage for elevated retail and … [More]
National Commercial Real Estate Sentiment Rebounds, Says Survey
The NAIOP CRE Sentiment Index, which measures industry expectations for commercial real estate market conditions over the next 12 months, has increased significantly from the last survey conducted in the Spring. The Index climbed to 56, indicating that respondents expect conditions for commercial real estate development to improve over the next year. The NAIOP CRE Sentiment … [More]
